LAGO

Acquired by @metasill

[LAGO @lagoframe]

Great article about our LAGO Pass by @coolhunting https://t.co/w1HPinP8BJ

@niftyportal space attendees can RT + like to win a pass

[U.S. Securities and Exchange Commission @SECGov]

TODAY at 2PM: Chairman @SECPaulSAtkins and @CFTC @ChairmanSelig will be discussing harmonization and their efforts to deliver on President Trump’s promise to make the U.S. the crypto capital of the world.

Livestream: https://t.co/nIX7Qc9N0q
Event details: https://t.co/EIEvAdJanb

[Yano 🟪 @JasonYanowitz]

What a day for Blockworks data.

2 new protocol dashboard customers, 3 new enterprise @blockworksres customers.

Team is on fire right now.

Improve the data, improve the industry.

[repe @repetny]

The number of Marinade stake accounts dropped from 500K to 200K. While still not ideal, this represents a significant improvement, bringing the total number of Solana stake accounts back below 1 million.

Why are there so many stake accounts? Why +500K stake accounts in H1 2024? And what's the reason for the last cut?

In summer 2023, Marinade introduced Marinade Native, a no-smart-contract way to automate Solana staking across multiple validators. Since there is no pooling, each user retains custody of their SOL and is assigned a stake account for every validator in the delegation strategy. With over 100 validators in the set, this means that there are more than 100 stake accounts for every Marinade Native user.

With hundreds and eventually thousands of users, the number skyrockets.

One of the main reasons for using Marinade is the automated delegation and rebalancing strategy. The protocol programmatically unstakes and stakes based on validators' performance, so users don't need to monitor it manually. Marinade's been covering all the fees for rebalance transactions, including the splitting of stake accounts, which were effectively free before 2024.

Starting in 2024, every stake account split costs 0.0023 SOL. With thousands of Marinade Native users and around 1-2 validators getting partially rebalanced every epoch, settling all transactions becomes very expensive.

Marinade switches its approach to creating five stake accounts per validator, so that there is no need to split when partially rebalancing from one validator to another. Unstaking 20% from one validator means deactivating one of the five stake accounts.

The operational economics are feasible again, but this quickly increases the stake account number from 100K to 600K at its peak. Every bigger Marinade Native user would see 300+ stake accounts on their wallet.

With many hopes for the redelegate feature or another workaround, Marinade ultimately agreed with the @anza_xyz team on a possible way to tackle this issue via the move stake feature.

Nowadays, every Marinade Native user has a transient account that serves as a buffer for transferring stake and MEV rewards, significantly reducing the total number of stake accounts required.

[Scott Gralnick 🦇🔊 @scottgralnick]

@rasmr_eth I officially challenge you in a push up face off. 💪💪💪

[toly 🇺🇸 @toly]

😱😱😱😱😱

[repe @repetny]

1/ Solana validators need stake to survive—but that stake isn’t created from thin air. For one to gain, another loses. In many ways, it’s a zero-sum game. 🧵👇

[Scott Gralnick 🦇🔊 @scottgralnick]

@MarinadeFinance has been preparing for the institutional staking world for this very moment.

Ping me and learn how your @solana can be staked in the USA tax free.

#solana #cryptoreserve @DavidSacks

[Jehan Chu @collectionist]

Now, more than ever, Digital Art needs Digital Leaders.

Today @jeannievu and I are happy to announce the founding of @LACMA’s Digital Leaders (LDL) to advise and support institutional digital art initiatives.

This first of its kind patron group includes collectors, artists, and curators to connect the institutional and emerging digital art worlds.

[Ross Ulbricht @RealRossU]

Oops...the first thing I try to do on X and I screw it up! I accidentally deleted my last post about taking over the account:

6.5 years ago my wife created this X account to give me my voice back. All this time, she relayed my messages to you word for word. Starting now, MY fingertips are on the keyboard!

Here we are, one week after my release, our prayers finally answered.

[LAGO @lagoframe]

🫶🏼🫶🏼🫶🏼

[Stani @StaniKulechov]

Say hello to our newest baby degen, Cosmo Cloud Kulechov, born 20th January. Mom @parisrouz is recovering well. ☁️

[StarPlatinum @StarPlatinum_]

Meet Ross Ulbricht

He built the biggest Bitcoin marketplace

When BTC was just $0.50.

But was sentenced to life in prison for it.

Here’s his story and why Donald Trump freed him🧵

(1/9)

[Ash Crypto @AshCrypto]

🚨 BREAKING 🚨

COINBASE IS NOW REPORTEDLY
“RUNNING OUT OF SOLANA” AS
MULTIPLE USERS ARE NOT ABLE
TO WITHDRAW $SOL EVEN AFTER
WAITING FOR 12 HOURS.

TRUMP BROKE THE CRYPTO MARKET

[LAGO @lagoframe]

@jessepollak @surfcoderepeat @solana @ethereum @MarinadeFinance was built on @solana in a hackathon 3 years ago. They have around 2b tvl and no VC capital. - we live in a multichain world. I love ETH, and I love SOl. There’s a world where we can succeed together.

[LAGO @lagoframe]

Who’s staking @solana ?

[LAGO @lagoframe]

@shahh Now use @MarinadeFinance and stake that SOL!!!

[Morlord @Morlord42]

Curve Finance's Savings crvUSD yield-bearing stablecoin weaves a tapestry of interoperability across the DeFi landscape. As siloed protocols find common ground, liquidity flows freely, and collaboration blossoms. This innovative instrument charts a course towards a more interconnected, efficient future for decentralized finance. 🌉🌺

[LAGO @lagoframe]

@JordanLyall @ProhibitionArt

[Jack Sanford 🛡️ @jack__sanford]

Sherlock is working to be even more open and transparent

meanwhile other platforms are trying to monopolize your Twitter bio and make you sign an exclusivity agreement

🌗

[Scott Gralnick 🦇🔊 @scottgralnick]

The early #web3 wallet wars circa 2018/2019

@portis_io @fortmatic @authereum @toruslabs @Squarelink_Inc @bitski

Soon after @ShapeShift acquired Portis and became the decentralized shapeshift we all know and love today!

[BITCOINLFG® @bitcoinlfgo]

BREAKING NEWS 🚨

The SEC could approve Ethereum ( $ETH ) ETF as soon as July 4, per Reuters.